Climb the mountain not to plant your flag, but to embrace the challenge, enjoy the air and behold the view. Climb it so you can see the world, not so the world can see you. —
You know you have it pretty good when 23% YoY growth is considered an off quarter.
But the big-picture story is that this is a slower period ahead of the expected new iPhone and potential new iPad this fall (and maybe someday, a television). Apple’s 23% year-over-year revenue growth was its slowest since 12% growth in the June 2009 quarter, and was almost down at Google’s 21% level!
..yet Google is the one trading at 18x earnings, while Apple is hovering around 13.5x.
Mac growth: pretty low, but this is expected by now.
iPad growth: not bad, but margins here are minimal. Even with the introduction of an iPad mini, I don’t expect huge contributions to profit just because the cost of production is so high.
iPhone growth: disappointing, but expected. This is where the money is made and this is the product that everyone is waiting for. As MG Siegler said yesterday, people actually care about Apple products and are just waiting to buy the next big thing. iPhone 5 sales will be the driver behind a monster six months for Apple.
There are few activities in life I enjoy more than cooking. I have fallen in love with (almost) the entire process; from researching recipes and piecing together meals, to looking for the freshest ingredients at the store, and of course, the actual cooking. The only part I hate is cleaning the dishes, but that’s what friends (and dishwashers) are for.
I rarely cook a meal without meticulous research for every dish going into my meal. When I am rushing home from work, I either head to a blog (try Food52 to start) or Mark Bittman’s How to Cook Everything: Vegetarian iPhone app. When I have a bit more time, I usually mull over a few cookbooks and look for something new. I love that blogs are limitless and I can immediately know whether or not others have enjoyed a recipe. That being said, I will always be a sucker for having a real cookbook filled with sauce-stained pages where I can modify and flag some of my favorite recipes.
My hope is that some day (soon) we will be able to build an online community around cookbooks while never losing the physical cookbook. Just a few things I want to see:
—I would love to see an app+cookbook pairing when buying a cookbook
—Recipes should be more interactive, with videos showing some of the more complicated techniques involved
—Chefs/authors should be able to add to their existing cookbooks in order to keep their content relevant and make changes according to the community
Just waiting for someone to innov(ate).
Cool look into Kickstarter projects in the NYT today. Great design leads to lots of funding. (Taken with instagram)
This is the disillusionment of the entrepreneur. There is no such thing as success. It is a moving target. A mirage. By the time you attain what you thought was your wildest dream, reality has moved on and left your dreams in the dust. And the desire for success grows stronger still. — Prerna Gupta